# EURJPY Corrective Wave (Sept 29, 2014) Source: https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/ Language: en Updated: 2014-09-29 Description: Explore EURJPY Corrective Wave (Sept 29, 2014). EURJPY appears to. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until the 61.8% Fibonacci retracement level, which is close to the 138.00 major psychological support and a former resistance level. Stochastic is already moving out of the oversold zone, hinting that buying pressure is ready to pile back on. This could push EURJPY back to the previous highs or at least until the 140.00 major psychological level. However, a break below the 138.00 area of interest could be a sign that further losses are in the cards, which could take EURJPY back to the next support near 136.00. This might depend on the event risks lined up from both Japan and the euro zone this week, with another slew of weak data expected from both nations. Take note that the ECB is set to have its interest rate decision this week as well. ![EURJPY Corrective Wave (Sept 29, 2014)] Going long at 138.00 with a stop around 137.00 and a target of 141.00 could yield a 3:1 return-on-risk. Aiming for new highs could improve the reward ratio but it would be prudent to have a trailing stop once price tests the previous highs. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/", "headline": "EURJPY Corrective Wave (Sept 29, 2014)", "inLanguage": "en", "datePublished": "2014-09-29T09:59:13+00:00", "dateModified": "2014-09-29T09:59:13+00:00", "articleSection": "Market Info", "description": "Explore EURJPY Corrective Wave (Sept 29, 2014). EURJPY appears to. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "EURJPY Corrective Wave (Sept 29, 2014)", "item": "https://www.tradersway.com/resources/market-info/eurjpy-corrective-wave-sept-29-2014/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```